Current most valuable company in the world reached more than US$81 billion in the quarter
Justin Sullivan/Getty Images/AFP SANTA CLARA, CALIFORNIA – FEBRUARY 5: A sign is posted at Nvidia headquarters on February 5, 2024 in Santa Clara, California. Nvidia shares hit record highs on Monday after analysts raised their outlook for the company.
A chip giant Nvidia recorded this Wednesday (20) a record quarterly revenuereaching 81.6 billion dollarswell above Wall Street expectations. The value was achieved thanks to the insatiable demand for its artificial intelligence (AI) hardwarewhich boosted another quarter.
Results for the first quarter of fiscal 2027, ended April 26, represented a 85% increase compared to the same period of the previous year and a 20% growth compared to the previous quarter, highlighting the status of Nvidia as main beneficiary of global expansion of AI infrastructure.
